5-year plan: Arvind to pump in ₹500 crore every fiscal

Arvind, a diversified conglomerate with interests ranging from textiles to retail and real estate, will invest ₹500 crore every year for the next five years to expand its textile business.

The investments will be made from its internal accruals and will total ₹2,500 crore by 2023.

“We have a clear plan to invest ₹1,500 crore for the next three years. After that we will continue to invest for another two years. We expect our revenues to go up to ₹12,000 crore by the end of five years from the present ₹6,000 crore,” “The entire textile trade is moving from China to this part of the world.

The investments would be mainly for large-scale garmenting, with the company planning to convert at least 50 per cent of its fabrics into garments.